Regions Financial in Birmingham, Ala., has agreed to buy Sabal Capital Partners, a leading originator of small-balance commercial real estate loans. The $156 billion-asset company said in a press release Monday that it expected to complete the acquisition in the fourth quarter. It did not disclose the price it will pay. Sabal has originated nearly $6 billion in financing. It maintains a $5 billion servicing portfolio. Regions said plans to incorporate Sabal into

Community Bank System in DeWitt, N.Y., has agreed to buy Elmira Savings Bank in New York. The $14.8 billion-asset Community Bank System said in a press release Monday that it will pay $82.8 million in cash for the $648.7 million-asset Elmira. The deal, which is expected to close in the first quarter, priced Elmira at 164% of its tangible book value.Elmira has 12 branches, $551.2 million of deposits and $465.3 million

Dupaco Community Credit Union in Dubuque, Iowa, has agreed to buy Home Savings Bank in Madison, Wis. The $2.6 billion-asset Dupaco said in a press release Friday that it will pay between $23.5 million and $24.3 million in cash for the $183 million-asset Home. The deal is expected to close in the second quarter.Home has two branches. “Our combined organization will reinforce the foundation of a credit union that prioritizes the well-being

Eagle Bancorp Montana in Helena has agreed to buy First Community Bancorp in Glasgow, Mont. The $1.4 billion-asset Eagle said in a press release Friday that it will pay $41.3 million in cash and stock for the $374 million-asset First Community. The deal is expected to close in the fourth quarter.  First Community shareholders will be entitled to a special dividend at closing, based on certain conditions. First Community has nine

Washington Federal in Seattle has agreed to pay a civil money penalty tied to a consent order.The $19.6 billion-asset company said in a press release Thursday that its bank reached an agreement with the Office of the Comptroller of the Currency to make a $2.5 million payment.Washington Federal characterized the payment as a "milestone" as it works its way out from under the 2018 consent order. The order instructed the

SmartFinancial in Knoxville, Tenn., has sold a loan portfolio and other assets to First Bank in Strasburg, Va. The $3.7 billion-asset SmartFinancial said in a press release Thursday that it will also transfer the lease to a branch in Richmond, Va., to First Bank in the fourth quarter. First Bank acquired $83 million of loans. SmartFinancial said it would receive a premium based on a specific percentage of the loans

First Financial in Terre Haute, Ind., plans to close about 10% of its branches over the next two quarters.The $4.8 billion-asset company said in a press release Thursday that it will shutter nine locations. It closed another branch earlier this year. “Our customers are rapidly adopting our online banking platforms which provides us with an opportunity to consolidate these branches into other nearby locations while maintaining the high level of

First Citizens BancShares in Raleigh, N.C., and CIT Group in New York have extended the deadline for their proposed merger from Oct. 15 to March 1. The $55.2 billion-asset First Citizens said in a press release that it is still waiting on approval from the Federal Reserve. The Office of the North Carolina Commissioner of Banks and the Federal Deposit Insurance Corp. have already signed off on the proposed $2.2